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Story summary
- A survey finds one in five UK hospitality businesses fear collapse within a year due to rising tax and employment costs.
- As of April 1, pubs, restaurants, and hotels face increased business rates and minimum wage thresholds.
- Nearly half of respondents are pessimistic, and 17% operate at a loss.
- UKHospitality, the trade body for UK hospitality, warns cost burdens could trigger job losses and closures and urges reduced operating costs.
